Nikopol Ferroalloy posts UAH 1.3 bln net loss in 2008
14 April 2009
Nikopol Ferroalloy (NFER, N4AA GR) announced a UAH 1,269 mln net loss in 2008, versus net income of UAH 3 mln in 2007. Meanwhile, in 2008 sales increased 13% yoy to UAH 8,190 mln. The company’s total output in 2008 was down 18.7% yoy at 828.6 ths mt. Output of silicomanganese dropped 23.6% yoy, while production of ferromanganese shed 5.1% yoy.
